NOT LISTED FOR SALE

40 Drake Rd Warwick, RI 02888

Palace Garden Neighborhood

Estimated Value: $459,000 - $476,000

2 Beds
1.5 Baths
1,316 Sq Ft
$355/Sq Ft Est. Value

Last Sold April 17, 2014

Last sale price $178,000 $135 Per Sq Ft

Est. 163% increase in value since last sale

Current estimated payment $2,919/month

178 Days on Market

Highlights

  • Marina
  • Corner Lot
  • Thermal Windows
  • Wood Flooring
  • Walking Distance to Water
  • 1 Car Attached Garage

About This Home

As of April 2014

Very Cute, move in condition with many updates. Large 2 bedroom home, 1.5 bath Ranch in Excellent Location in Gaspee. One block up from The Water, Park and Narragansett Parkway. Warm and Lovely Living Room with brick fireplace and open dining room.

Last Agent to Sell the Property

Derek Eisenberg

Continental Re Group, Inc. License #REC.0015997 Listed on: 09/20/2013

Last Buyer's Agent

Dante Lopardo

Broadway Real Estate Group License #RES.0035890

Broadway Real Estate Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,496

Year Built

  • Built in 1945

Lot Details

  • 7,452 Sq Ft Lot
  • Corner Lot

Parking

  • 1 Car Attached Garage
  • Carport

Home Design

  • Aluminum Siding
  • Concrete Perimeter Foundation
  • Plaster

Interior Spaces

  • 1,316 Sq Ft Home
  • 1-Story Property
  • Fireplace Features Masonry
  • Thermal Windows

Kitchen

  • Oven
  • Range
  • Dishwasher

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Outdoor Features

  • Walking Distance to Water

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • 100 Amp Service
  • Oil Water Heater

Listing and Financial Details

  • Tax Block 0229
  • Assessor Parcel Number 40DRAKERDWARW

Community Details

Overview

  • Gaspee Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,496

Year Built

Built in 1945

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.1711
  • Subdivision Name: GASPEE
  • Above Grade Finished Sq Ft: 1316.0
  • Architectural Style: Ranch
  • Carport Y N: Yes
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1945
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Oven, Oil Water Heater, Range, Refrigerator
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Masonry
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Hardwood, Vinyl
  • Living Area: 1316.0
  • Stories: 1
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: Other

Exterior Features

  • Lot Features: Corner Lot
  • Waterfront Features: Walk to Water
  • Construction Type: Plaster, Aluminum Siding
  • Foundation Details: Concrete Perimeter

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Parking Features: Attached, Carport, Garage
  • Total Parking Spaces: 1.0

Utilities

  • Cooling: Wall Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard, Hot Water, Oil
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Highway Access, Marina, Near Schools, Public Transportation, Shopping, Sidewalks
  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 7452.0
  • Parcel #: 40DRAKERDWARW
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 3496.0
  • Tax Block: 0229
  • Tax Lot: 0000
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 21, 2017
Sold by
Gelsomino William D and Gelsomino Donna M
Bought by
Gelsomino Derrick
Current Estimated Value
$467,345

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$209,142
Interest Rate
3.89%
Mortgage Type
FHA

Purchase Details

Listed on
Sep 20, 2013
Closed on
Apr 17, 2014
Sold by
Daley Timothy and Beck Sharon K
Bought by
Gelsomino Wililam D and Gelsomino Donna M
Seller's Agent
Derek Eisenberg
Continental Re Group, Inc.
Buyer's Agent
Dante Lopardo
Broadway Real Estate Group
List Price
$199,000
Sold Price
$178,000
Premium/Discount to List
-$21,000
-10.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.76%
Original Mortgage
$142,400
Interest Rate
4.26%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 20, 2013
Closed on
Apr 3, 2014
Sold by
Daley John W and Daley Brian C
Bought by
Daley Timothy
Seller's Agent
Derek Eisenberg
Continental Re Group, Inc.
Buyer's Agent
Dante Lopardo
Broadway Real Estate Group
List Price
$199,000
Sold Price
$178,000
Premium/Discount to List
-$21,000
-10.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,400
Interest Rate
4.26%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 8, 2013
Sold by
Daley Timothy
Bought by
Daley John W and Daley Brian C

Purchase Details

Listed on
Mar 25, 2013
Closed on
May 14, 2013
Sold by
Votolato Gail
Bought by
Daley Timothy and Beck Sharon K
Seller's Agent
Derek Greene
The Greene Realty Group
Buyer's Agent
Derek Greene
The Greene Realty Group
List Price
$174,900
Sold Price
$162,000
Premium/Discount to List
-$12,900
-7.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.91%

Purchase Details

Listed on
Dec 9, 2011
Closed on
Sep 21, 2012
Sold by
Colby Edna M
Bought by
Votolato Gail
Seller's Agent
James McLaughlin
RE/MAX Professionals
Buyer's Agent
Diane Foley
REAL ESTATE ONE
List Price
$179,900
Sold Price
$155,000
Premium/Discount to List
-$24,900
-13.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.15%
Original Mortgage
$152,192
Interest Rate
3.59%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 21, 1998
Sold by
Castriotta Lawrence and Castriotta Evelyn
Bought by
Colby Edna M
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Gelsomino Derrick $213,000 --
Gelsomino Wililam D $178,000 --
Daley Timothy -- --
Daley John W -- --
Daley Timothy $162,000 --
Votolato Gail $155,000 --
Colby Edna M $105,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gelsomino Derrick $75,000
Closed Gelsomino Derrick $35,000
Closed Gelsomino Derrick $35,000
Open Gelsomino Derrick $205,000
Closed Gelsomino Derrick $209,142
Previous Owner Colby Edna M $142,400
Previous Owner Colby Edna M $152,192
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/17/2014 04/17/14 Sold $178,000 -10.6% $135 / Sq Ft
03/18/2014 03/18/14 Pending -- -- --
09/20/2013 09/20/13 For Sale $199,000 +22.8% $151 / Sq Ft
05/14/2013 05/14/13 Sold $162,000 -7.4% $123 / Sq Ft View Prior Sale
04/14/2013 04/14/13 Pending -- -- --
03/25/2013 03/25/13 For Sale $174,900 +12.8% $133 / Sq Ft
09/21/2012 09/21/12 Sold $155,000 -13.8% $118 / Sq Ft View Prior Sale
08/22/2012 08/22/12 Pending -- -- --
12/09/2011 12/09/11 For Sale $179,900 -- $137 / Sq Ft
Source: State-Wide MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,174 $357,600 $147,800 $209,800
2023 $5,074 $357,600 $147,800 $209,800
2022 $4,557 $243,300 $103,700 $139,600
2021 $4,557 $243,300 $103,700 $139,600
2020 $4,557 $243,300 $103,700 $139,600
2019 $4,557 $243,300 $103,700 $139,600
2018 $4,035 $194,000 $96,300 $97,700
2017 $3,927 $194,000 $96,300 $97,700
2016 $3,927 $194,000 $96,300 $97,700
2015 $3,667 $176,700 $91,400 $85,300
2014 $3,545 $176,700 $91,400 $85,300
2013 $3,497 $176,700 $91,400 $85,300
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2014

    Derek Eisenberg

    Continental Re Group, Inc.

    (877) 996-5728

    3,131 Total Sales

    Derek Eisenberg
    Section Image

  • D

    Buyer's Agent in 2014

    Dante Lopardo

    Broadway Real Estate Group

    (401) 226-6669

    1 in this area

    20 Total Sales

    Dante Lopardo
    Section Image
  • Derek Greene

    Seller's Agent in 2013

    Derek Greene

    The Greene Realty Group

    (860) 560-1006

    2 in this area

    2,978 Total Sales

    Derek Greene
    Section Image

  • J

    Seller's Agent in 2012

    James McLaughlin

    RE/MAX Professionals

  • D

    Buyer's Agent in 2012

    Diane Foley

    REAL ESTATE ONE

    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1051526

State-Wide MLS

APN: WARW-000304-000229-000000

Rhode Island Kent County Warwick 02888 Palace Garden

40 Drake Rd, Warwick, RI

This home is located at 40 Drake Rd, Warwick, RI 02888 since 20 September 2013 and is currently estimated at $467,345, approximately $355 per square foot. This property was built in 1945. 40 Drake Rd is a home located in Kent County with nearby schools including St. Peter School and Saint Paul School.

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